https://www.avient.com/sites/default/files/2020-10/investing-in-avient.pdf
Our exceptional polymer scientists and design engineers are integral to their
product development process.
LB
As a specialty formulator, we don’t
require significant capital
investment, as compared to the
base resin raw material suppliers
we purchase from.
22
We are a specialty formulator that enables many of the world’s products through innovation and custom
solutions.
https://www.avient.com/sites/default/files/2023-02/Gravi-Tech BIO Bio-Based Formulations Product Bulletin.pdf
Gravi-Tech™ BIO Bio-Based Formulations
Gravi-Tech™ BIO bio-based formulations are density
modified engineered polymers that contain partially
bio-based resin from renewable plant sources.
They offer a more sustainable alternative to density
modified grades based on prime/virgin polymers.
These polymer formulations have been developed
to achieve equivalent performance to prime density
modified solutions with added sustainability
benefits.
https://www.avient.com/news/polyone-joins-leading-brands-eliminate-hazardous-chemicals-discharge-textile-manufacturing
Bringing associate members on board with a strong track record of delivering specialty solutions broadens our technical knowledge base,” explains Cheryl Kreindler, ZDHC Program Manager.
PolyOne Corporation, with 2014 revenues of $3.8 billion, is a premier provider of specialized polymer materials, services and solutions.
https://www.avient.com/sites/default/files/2021-09/avnt-seaport-conference-presentation.pdf
Our exceptional polymer scientists and design engineers are integral to their
product development process.
D
is
t.
)
LB
Median: 5%Median: 3%
Avient reflects 2021 estimated revenue of $4,650M and excludes one-time synergy capture CAPEX ($20M)
Avient Specialty
Other
Free Cash Flow Conversion (1)
2021E (%)
Being asset light helps us to generate
strong free cash flow that is in line
with specialty formulators.
32
We are a specialty formulator that enables many of the world’s products through innovation and custom
solutions.
https://www.avient.com/news/avient-specialty-inks-showcases-its-long-standing-legacy-innovation-impressions-2025
Avient Specialty Inks honors long-standing legacy of innovation at Impressions 2025
Avient’s exhibit will honor the rich history of Avient Specialty Inks in the screen printing inks industry.
Avient will showcase over 100 unique prints from Avient Specialty Inks brands, including Wilflex™, Rutland™, Printop™, QCM™, Zodiac™, MagnaColours™, Union Ink™, and Avient Specialty Inks, with a special focus on the following inks:
https://www.avient.com/news/avient-features-tpes-food-contact-and-sustainability-cekexpo-2020
The company will highlight its extensive portfolio of thermoplastic elastomer (TPE) formulations for kitchenware and houseware applications.
Avient’s exhibit is focused on specialty TPE materials that are compliant with diverse global regulations and performance requirements.
Product designers in the kitchenware and houseware industry are looking for materials that can meet the increasing demand for food safety and compliance, while also seeking more sustainable content,” said Flight Xu, general manager of Specialty Engineered Materials Asia for Avient, “Our innovative TPEs can meet the regulatory challenges, including FDA, EU10/2011 and China GB standard, and enhance safety without compromising performance or design freedom.
https://www.avient.com/investor-center/news/polyone-announces-record-fourth-quarter-and-full-year-2015-results
Kraton will continue to supply us with styrenic block co-polymers and we will leverage our expertise in TPE formulation to accelerate growth, primarily in the consumer and healthcare markets."
is a premier provider of specialized polymer materials, services and solutions.
Specialty Platform
https://www.avient.com/industries/industrial/agriculture-construction/agriculture-film
We can also formulate products to meet the needs of compostable agriculture selecting colorants from from a broad list of Vincotte certified "OK-compost" raw materials.
Colors may be selected maximize or minimize heat retention and additives can be formulated to help film resist the degrading effects of sunlight, heat, moisture and agricultural chemicals.
Our portfolio of polymer stabilizers, light absorbers, antimicrobials and anti-fogging and anti-blocking additives enhance the long-term performance of these agricultural films.
https://www.avient.com/resource-center?document_subtype=0&document_type=59&form_id=resource_filter_form&industry=0&op=FILTER RESULTS&product_family=0&product_name=0&page=40
Explore the many ways polymers can help you innovate to meet evolving consumer demands
Versaflex™ PF formulations are specially developed for the manufacture of co-extruded surface protective films
Elastomeric insert for automotive supplier created with d Onflex-S™ TPE styrenic block polymers for UV stabilization
https://www.avient.com/sites/default/files/2023-09/Avient Sustainability Day 2023 - Website %289.19%29.pdf
DISCLAIMER
Avient Corporation 3
Avient Corporation 4
Welcome
Chairman, President, and Chief Executive Officer
INTRODUCTION
Sustainability for a Better Tomorrow
Senior Vice President and Chief Financial Officer
Avient Corporation 5
WE ARE A FORMULATOR
CUSTOM
FORMULATION
Avient Corporation 6
Avient Corporation 7
WE ARE INNOVATORS
2,500+
ACTIVE PATENT
FILINGS WORLDWIDE
1,100+
RESEARCH AND
DEVELOPMENT ASSOCIATES
>85% Stage-gate technology projects
enable sustainable solutions
INDIA INNOVATION CENTER
33%
2022 VITALITY
INDEX
140+
MATERIAL SCIENCE
PhD ASSOCIATES
Avient Corporation 8
3% 3%
5%
Avient Specialty Formulators Other Specialty /
Chemical Companies
CAPEX / Revenue
2023E
Global footprint enables greater flexibility to exceed
needs of customers and deliver localized technical
and formulation expertise
9
36
24
Manufacturing Locations by Region
WE ARE ASSET LIGHT
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA
Avient Corporation 9
Asset-light flexibility
enables more nimble
manufacturing capabilities
and lower overhead
Periods of economic
weakness have driven
higher levels of cash
generation due to working
capital improvement
PROVEN TRACK RECORD OF HIGH FREE CASH FLOW CONVERSION
80% 80%
81%
84%
83%
79%
50%
70%
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023E
150
200
250
300
350
400
Fr
ee
C
as
h
Fl
ow
C
ve
rs
io
Fr
ee
C
as
h
Fl
ow
FCF $ AVNT FCF Conversion % S&P FCF Conversion %
2 Recent Divestitures - Combined $1.7B in Proceeds
PORTFOLIO EVOLUTION
Avient Corporation 10
Combined $3.6B Investment in Acquisitions Since 2016
Color Business
Distribution
2016 2022
PORTFOLIO TRANSFORMATION
46%
87%
0%
20%
2005 2010 2015 2020 2023
%
o
f A
dj
us
te
d
EB
IT
DA
Commodity JVs Distribution Performance Products & Solutions Specialty Businesses
Adjusted EBITDA from Specialty Applications
Avient Corporation 11
END MARKET TRANSFORMATION
Defense
Avient Corporation 12
8%
23%
4%
2006 2023E
Other
Industri
es
22%
56%
14%
43%
9%
2006 2023E
Reduced Exposure to Cyclical End Markets End Market Diversification
Transportation
Building &
Construction
57%
Defense
IMPROVING PROFITABILITY AND EXPANDING MARGINS
Avient Corporation 13
Adj.
LAND-BASED)
Avient Corporation 58
Solar Power Wire and Cable
Syncure™ and ECCOH™ Photovoltaic Polymers
• Supports installation of sustainable infrastructure for
renewable energy
• Reduces energy consumption vs. radiation cross-linking process
• Extends useful life for cables
EXTENDS PRODUCT LIFE
Alternative Energy
2022 Revenue: $26M
Wind Turbine Towing Lines
Dyneema® Rope
• Weightless when submerged
• Smaller diameter for equal strength = larger winch capacities
• Reduces drag for improved towing
STRONGER THAN STEEL
15x
Wind Blade Root Stiffener
Glasforms™ Composites
• Provides enabling technology that supports adoption of
alternative energy
• Withstands fatigue for extended product life
ENABLES WIND ENERGY
Avient Corporation 59
“We believe that sustainability and innovation go hand-in-hand and the team at Harley-
Davidson is excited about Avient’s recently launched Bio-Based TPE for our
handlebar grips.”
CAFE: Corporate Average Fuel Economy
>50% Improvement
REDUCE – TAKEAWAY
Reducing Energy Consumption and Dependence on Fossil Fuels Drives Growth Projections
Examples
Covered
45%
Other
Applications
2022PF
$310M
38
46
CAFE1 Miles Per Gallon Proposed Requirements
HOW WE ENABLE SUSTAINABILITY
Preserve
Woon Keat Moh
Senior Vice President, President of Color, Additives and Inks –
Americas and Asia
Avient Corporation 61
PRESERVE
Avient Corporation 62
• Preserving Key Natural Resources - Companies are being challenged to
mitigate high environmental impact processes such as water-intensive textile dyeing or
food spoilage
• Incorporating Renewable Materials - Adoption of bio-based raw materials
requires design and formulation expertise to overcome performance shortcomings of
neat resins
• Increasing Healthcare Regulations - Utilizing sustainable materials in
healthcare applications requires considerable support in navigating complex regulatory
requirements
• Increasing Regulatory Compliance - Non-Intentionally Added Substances
(NIAS) need to be controlled in sensitive applications
• Enabling Faster and More Reliable Connectivity – Substantial investments
in 5G infrastructure are required to unlock the potential of the Internet of Things
Solutions to preserve and
protect natural resources &
human life
Avient Corporation 63
Spin Dyed Precolor Textile Yarn
Renol™ Spin Dyeing Colorants
• Replaces water-based dye processes to reduce
waste creation
• Conserves water and energy
LESS WATER
PROTECTIVE DENIM
Dyneema® Workwear Solutions
• Improves tear resistance 50-100%
• More protective than competitive alternatives
• Enables the amount of protective fiber to be
reduced without sacrificing performance
600%
IMPROVED ABRASION RESISTANCE
Clothing & Textiles
2022 Revenue: $49M
Avient Corporation 64
Low Cure Textile Inks
Avient Specialty Inks™ Low Cure Inks
• Decreases energy consumption
• Reduces scrap due to heat-related defects
SAVES ENERGY
Clothing & Textiles
2022 Revenue: $40M
BIO-BASED
FORMULATIONS
Water Based Textile Inks
Zodiac™ Aquarius™ Specialty Inks
• Incorporates bio-based materials
• Non-formaldehyde solutions available
• Reduces waste by enabling high open screen time
Avient Corporation 65
Mosquito Netting
Cesa™ Fiber Anti-Mosquito Additives
• Helps control malaria
• Protects consistently using a controlled
release of insecticide
• Expands access to healthcare
breakthroughs to global communities
ANNUAL NEW MALARIA CASES
200 Million
Antimicrobial Protection
Cesa™ WithStand™ Antimicrobial Additives
• Reduces microbial / mold growth
• Helps reduce odor, staining, discoloration
• Excellent comfort and wearability
• Chemical resistance - will not discolor
or degrade
REDUCES MICROBES
2022 Revenue: $5M
Avient Corporation 66
Cut-Resistant Gloves
Dyneema® Solutions
• Incorporates bio-based materials
• Reduces carbon emissions
• Excellent wearability / comfort
WORK INJURIES
REDUCES
Rescue Rope
Dyneema® Solutions
• Superior strength-to-weight ratio
• High break load
• Extraordinary reliability
SAVES LIVES
2022 Revenue: $106M
Body Armor
Dyneema® Protective Solutions
• Exceptional trauma protection
• Excellent wearability
LIGHTER
THAN ARAMID FIBER
35%
Avient Corporation 67
BIO-DERIVED
Pharmaceutical Tubing
Versaflex™ Healthcare Pharma Tubing Formulations
NEU™ Specialty Engineered Materials
• Facilitates incorporation of sustainable materials
with healthcare device manufacturers
• Eliminates vulcanization processes
Medical
2022 Revenue: $40M
NON-PHTHALATE
Respiratory Conduit
Versaflex™ Healthcare Corrugated
Tubing Formulations
• Non-Phthalate
• ISO 10993 & USP Class VI compliant
Avient Corporation 68
UP TO
BIO-BASED CARRIER
Medical Devices
Mevopur™ Bio-Based Colorants
• Minimizes risk through pre-testing
• Provides vital regulatory compliance
• Minimizes global supply chain risk with
validated backup supply
Continuous Glucose Monitoring
and Auto Injectors
Trilliant™ Healthcare Polymer Solutions
• Impact performance
• Chemical resistance
ENABLES HOME CARE
Medical
2022 Revenue: $16M
Avient Corporation 69
Fiber Optic Cable and Jacketing
Fiber-Line™ Optical Fiber Cable Components
• Reduction in weight & energy usage
• Thermal and abrasion resistant
• Extends product life
ENABLES CONNECTIVITY
Cable Micromodules
ECCOH™ Low Smoke Formulations
• Non-halogen
• Low smoke and toxicity
SUPPORTS SUSTAINABLE
INFRASTRUCTURE
Base Station Components
Edgetek™ Low-Density Formulations
• Low density – lighter weight
• Low warpage & thermal conductivity
EXTENDS PRODUCT LIFE
Antenna Components
PREPERM™ Low Loss
Dielectric Formulations
• Replaces costly ceramics
• Consistent and efficient antenna performance
ENHANCES
PERFORMANCE
5G Infrastructure
2022 Revenue: $39M
Avient Corporation 70
“Nike has partnered with Avient extensively over the years because of their leadership in
eco-friendly screen printing inks.”